Emerging market exchange-traded funds suffer outflows led by China

Meanwhile, Indian markets got inflows of $12.6 million, most of it going into the equity market

Investors withdrew money from exchange-traded funds (ETFs) that buy emerging market (EM) stocks and bonds last week.

Outflows from US-listed emerging market ETFs that invest across developing nations as well as those that target specific countries totalled $12.3 million in the week ended May 3, compared with gains of $57.6 million in the previous week, according to data compiled by Bloomberg.

So far this year, inflows have totalled $19 billion.

The total assets under management (AUM) for US-listed EM-focused ETFs stood at $285.5 billion. Within EM, China and Hong Kong markets saw the highest outflows.

Meanwhile,